Yesterday was the official grand opening of the new City Target in Westwood Village. City Target is just a smaller version of their mega stores, coming in at roughly 99,000 square feet...about ~25,000 less square feet than a typical Target. But walking through, you won't notice much of a difference. It has most of what you would expect in a Target, complete with a Starbucks inside. There is even a small grocery area, which I am sure co-tenant Ralph's and Trader Joe's across the street are not happy about. I walked through the store around 7pm and the security at the front said they had about 10,000 people so far come through the store that day. I don't know what they expect to average but that seems like a lot of people. With Target coming into the village and bringing in a plethora of new customers that wouldn't ordinarily shop in the village, it should be good for the economy of the surrounding businesses. With a little less than a dozen or so vacancies currently in Westwood Village, we could be seeing more willing tenants fill those vacancies with the increased traffic driven by the Target store.

The Westwood Hills home at 443 Levering Ave., LA CA 90024 lasted 6 days on the market before accepting an offer on 6/1/12. On July 24th, 2012, the home sold for $1,142,500 |$548 $/sf|.
According to the MLS, the home is a 3 bedroom / 2 bath, 2,084 sf of living space on a 7,733 sf lot.

The Westwood home at 10517 Holman Ave LA CA 90024 lasted 3 months on the market before accepting an offer on 2/2/12. Previously, the home spent about 180 days on the market in 2011, starting as high as $1.425m and ending up a $1.365m. On July 23th, 2012, the home sold over the asking at $1,280,260 |$552 $/sf|.
According to the MLS, the home is a 3 bedroom / 2.5 bath, 2,319 sq ft of living space on a 6,500 sq ft lot.

The Westwood home at 2054 Fox Hills Dr, LA CA 90025 lasted 91 days on the market before accepting an offer on 6/20/12. On July 26th, 2012, the home sold for $1,275,000 |$558 $/sf|.
According to the MLS, the home is a 3 bedroom / 4 bath, 2,284 sf of living space on a 7,189 sf lot.

The Westwood Little Holmby home at 442 Hilgard Ave, LA CA 90024 received a price reduction last week of 5.5% or $110,000, down to $1,889,000 |$637 $/sf|.
The home was listed 37 days with this being the first price reduction during the current listing term. It looks as though the kitchen is newly remodeled with Viking appliances, but the bathrooms have an original look (could be restored that way). Either way, the home is in a move-in type condition. Inside the interior of Little Holmby, this home would easily fetch over $2m. However, located on Hilgard comes with a discount and pushes the price point into the upper $1m range. According to the MLS, the home is a 5 bedroom /
4 bath, 2,964 sq ft home on a 8,296 sq ft lot.

The Westwood Little Holmby home at 420 Loring Ave received a price reduction of 5.33% or $200,000, down to $3,550,000 |$900 $/sf|. Listed 93 days ago for $3,750,000, this is the 1st price reduction of the listing term. 420 Loring is perched up on a hill on one of the more desirable Little Holmby streets and has a very stately presence from the street. Inside, the home features large public rooms and a few tasteful updates since being built in 1941.
According to the MLS, the home is a 4 bedroom / 4.5 bath, 3,943 sq ft of living space on a 11,790 sf lot.

The Westwood Little Holmby home at 536 Dalehurst Ave received a price reduction of 2.86% or $100,000, down to $3,395,000 |$897 $/sf|. Listed 53 days ago for $3,495,000, this would be the 1st price reduction of the listing term. Sited on 10k+ flat lot, this traditional home has been remodeled throughout and is in move-in condition. According to the MLS, the home is a 4 bedroom / 4.5 bath, 3,783 sq ft of living space on a 10,177 sf lot.

The Westwood home at 2118 Linnington Ave LA CA 90025 lasted 11 days on the market before accepting an offer on 6/09/12. The previous owner purchased this home as a fixer back in 2009 for $775,000 and did some moderate remodeling since ownership. See the 2nd picture below for a look of the exterior back in 2009. Being on one of the smaller lot sizes in Westwood, sub 5,000 and backing up to a apartment/condo complex, this contributed to it's lower sales price for it's home size and condition. However, in today's market it sold in just over a week and above the asking price.

On July 10th, 2012, the home closed $45k over the asking
price at $1,070,000 |$494 $/sf|.
According to the MLS, the home is a 3 bedroom / 3 bath, 2,168 sf of living space on a 4,777 sf lot.

The Westwood Hills home at 11033 Cashmere St LA CA 90049
lasted 4 days on the market before accepting an offer on 6/04/12. This north of Wilshire home has been kept immaculate but in mostly original condition. Like typical Westwood Hills homes, the lot is set up against a hilly topography, with stair ways to get up to the front door and a 2 level tiered backyard that features a pool on the top level. On July 10th, 2012, the home closed $115k over the asking
price at $1,315,000 |$791 $/sf|.
According to the MLS, the home is a 3 bedroom / 2 bath, 1,662 sf of living space on a 8,322 sf lot.

The Westwood Little Holmby corporate owned fixer turned remodeled flip at 436 Hilgard Ave., LA CA 90024 received a price reduction last week of 9.34% or $205,000, down to $1,990,000. This home was listed late last year as a fixer for $1,549,000 and stayed on the market for just under 3 months, giving someone the opportunity to buy it in this fixer condition. Then the seller decided to pull it off the market and complete the renovation and sell it fully remodeled. In June, the house returned to market with an asking price of $2,195,000. In just 3 weeks and after 1 price reduction, the house has an accepted offer and is looking for backup offers.
According to the MLS, the home is a 4 bedroom / 5 bathroom, 3,415 sf of living space on a 7,064 sf lot.

The Westwood home at 1644 Warnall Ave LA CA 90024 received a price reduction of 1.20% or $30,000, down to $2,469,000.
Originally listed on 4/20/12 for $2,499,000, this is the 1st price
reduction of the listing period. This home has been remodeled throughout
and is in move in condition. According to the MLS, the home is a 5
bedroom / 3.5 baths, on a 6,882 sf lot.